Enugu State government has initiated massive review of the state laws and the enactment of new ones as part of the efforts to make the state the preferred destination for investments.
The move is also targeted at de-risking and creating more investment opportunities.
The administration of Governor Peter Mbah is also prioritising the establishment of integrated smart schools in the 260 wards of the state to transform the education sector from mere social service delivery institutions to skills acquisition providing institutions.
The state’s attorney-general and commissioner for justice, Dr Kingsley Udeh, and the commissioner for education, Prof Ndubueze Mbah, who briefed newsmen at the end of the State Executive Council meeting at the weekend, urged investors to take advantage of the newly signed Enugu State Electricity Law 2023.
Udeh said the State Executive Council resolved to embark on massive law reviews to make the state more investment-friendly.
“Enugu State is set to be the choice destination for both foreign and local investments. To ensure that this is projected and that this is done bullishly, Enugu State Government is working on reviewing various laws that deal with investment, trade, and industry.
“The Enugu State Electricity Law, 2023, which came into being today, will open the Enugu electricity market to both foreign and local investors in the energy industry to boost power generation, power transmission, and distribution. This will in turn support our industry, support our business activities, and boost our economy. We are calling on the investors to take advantage of the opportunities arising from this law.
“But we are also keen on law reviews and justice administration with the understanding that the justice system is actually one of the key indicators as far as investment and business are concerned.
“We are aware that investors will always look for where the judicial system is strong enough. They want to be sure that if a dispute arises from business to business or business with the government, they would get quick dispensation of justice and that justice when given in the form of judgment would be obeyed and enforced. This is what the government is working on,” he stated.